http://financiallyfit.yahoo.com/finance/article-113840-11763-4-how-to-get-a-106000-college-education-for-free?ywaad=ad0035&nc
How to Get a $106,000 College Education for FreeLynn O'Shaughnessy
Friday, January 27, 2012
How would you like to go to a private liberal arts college that will give
you a full-ride tuition scholarship for four years? Sounds crazy? Actually,
I'm serious.
Antioch College in Yellow Spring, Ohio, is waiving the tuition for all its
students, who enroll in the next three years.
How much are these freebies worth? The value of the free tuition for the
current year is $26,500. The scholarship, based on that price, makes each
scholarship worth at least $106,000.
Some students, who file financial aid applications, will capture an even
greater price break. If they qualify, they may get to skip the room and
board charges or pay a reduced price. Antioch's room and board is currently
$8,628.
[See also: 7 Ways to Score Free Stuff]
Why So Generous?
Obviously, it's unheard of for a college to offer free tuition to its all
students. There is, however, an explanation for the generosity.
Antioch is crawling out of the grave. Antioch College, which was originally
founded by abolitionists in 1850, shut its door in 2008 after years of
decline. Terrible management decisions, among other reasons, led to the
closure, but tremendous financial support from dedicated alumni, who were
appalled at the closure, led to its rebirth.
Antioch welcomed 35 students into its inaugural freshmen class in 2011 and
it hopes to welcome another 65 to 75 students in the fall. The school's
goal is to have about 300 students attending the school by 2015.
[See also: Can You Afford That Purchase?]
"We are a 160-year-old start-up institution with a lot of history," says
Cezar Mesquita, Antioch's dean of admission and financial aid. The college
wants to make an investment in hard-working, engaged students, "who can
help restart this great institution."
Antioch had always been known for its work cooperative program and that
tradition has returned. All students will have numerous work opportunities
during their four years that include, local, national and international
experiences. At this point, the school offers 12 areas of concentration
ranging from environmental and health sciences to languages and social
sciences.
Academic Profile of Antioch Students
The inaugural class, which hailed from states throughout the country, had
an average unweighted high school GPA of 3.56 and an average ACT score of
27, which is roughly the equivalent of a 1250 on the SAT.
If you're a high school senior, there is still time to apply! Antioch's
admission deadline is Feb. 15.
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Received on Fri Jan 27 2012 - 22:10:14 EST
